From stateofthedivision blog:
Risky credit betting A.I.G pushed $5 billion in U.S. taxpayer funds to chronic tax cheater UBS. This is on top of $59 billion in capital injections via the Federal Reserve and the European Central Bank. How did UBS respond to taxpayer largess? They helped 17,000 clients illegally avoid taxes via offshore accounts.
Because of the financial crisis, UBS will pay a $780 million fine over time, much less than the anticipated $1 billion or greater. They had to reveal a paltry 250-300 names. What about the other 16,750?
Frankly, it is disgusting to see the U.S. Government’s impotent gesture to “fine” UBS with a $780 million dollar wrist-slap while the FED-affiliated global central banking cartel funnels 64 billion to it through taxpayer bailouts and back door conduits like AIG.
It really gets egregious when multi-millionaires get to launder 14.8 billion in UBS accounts on top of that.
Then, consider that 35% of India’s budget deficit flees the country in the form of taxable currency sheltered by euro-bank laundering, and you begin to see how powerful the Anglo-Dutch central banking cartel with its international money laundering operations really is:
The Global Financial Integrity program, a Washington-based non-government organization campaigning for tighter controls on tax havens, estimates “illicit outflows” from India probably averaged as much as $27 billion annually in the five years through 2006, equivalent to about 35 percent of the nation’s budget deficit.
A wise person once said, ”Don’t kid yourself about organized crime, they’re not that organized.” And this couldn’t be be more true than when compared to the Anglo Dutch Financial Oligarchy which has been organizing this coup for centuries.
The Mafia was a small time piker compared to the international banking cartel, and it’s U.S. crime boss, the Federal Reserve. They never had the entirety of the world’s governments in their back pocket like these guys do–at best they paid off local, and in some cases, federal officials.
These international cartels are being fully funded with extorted tax dollars legitimized by governments through the central banks, while laundering the illegitimate proceeds of tax evasion. How long will the working people of the world stand for this? How long will the American people stand for their future livelihoods being channeled to this global crime cartel as a profit center for financial fraud?
We didn’t have knowledge like this being shared among the masses in the first Depression - we didn’t have the world wide web. Now that we do, what is our obligation? What is our mandate? How and when will we organize to end these global financial crimes against humanity?
Unfortunately, not until the real fallout and the real pain begins–then the revolution will follow.
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